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Deals of the day-Mergers and acquisitions
Mar 27, 2024 3:19 AM

March 27 (Reuters) - The following bids, mergers,

acquisitions and disposals were reported by 0930 GMT on

Wednesday:

** German rail operator Deutsche Bahn said that it

will take some time to evaluate the offers received for its

logistics subsidiary Schenker after the submission deadline.

** Between seven and 10 companies have made non-binding

offers for Schenker, the logistics subsidiary of German national

rail company Deutsche Bahn, the Handelsblatt business daily

reported, citing sources familiar with the matter.

** German broadcaster ProSiebensat.1 called on shareholders

to vote down proposals by MFE-MediaForEurope at the

upcoming annual general meeting, pushing back against the top

investor's bid to split the company.

** Renault plans to sell a stake of about 2.5% in

Nissan ( NSANF ) shares to the Japanese car maker in a deal that

could generate up to 362 million euros ($392 million), the

French firm said.

** German nationalised energy company SEFE will take full

ownership of gas transmission network WIGA by buying out joint

venture partner Wintershall Dea in the latest sign of

Berlin tightening its grip on energy infrastructure.

** MKAO Rasperia Trading Limited, a Strabag

shareholder formerly controlled by Russian businessman Oleg

Deripaska, was sold to Russian company Iliadis JSC, the Austrian

construction firm said.

** Shares in DS Smith ( DITHF ) opened 7.7% higher after the

company said it is in talks with International Paper ( IP ) over

an all-stock offer from its U.S.-listed rival.

** Swiss Steel Group said its French unit Ascometal

ended exclusive talks announced in December over the sale of

several of its sites in France to Italian steelmaker Acciaiere

Venete.

** U.S. oil refiner Phillips 66 is exploring a sale

of its 25% stake in the Rockies Express Pipeline that it hopes

could be worth more than $1 billion, including debt, people

familiar with the matter said on Tuesday.

(Compiled by Rajarshi Roy and Puyaan Singh in Bengaluru)

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